Question
Calder Company has a defined benefit pension plan. Pension-related data for the current calendar year are shown below: Average remaining service period of active employees
Calder Company has a defined benefit pension plan. Pension-related data for the current calendar year are shown below:
Average remaining service period of active employees 12 years
Net gain, January 1 $ 214,600
PBO, January 1 $1,630,000
Plan assets, January 1 $1,930,000
What is the amount of the amortization of the net loss or gain that should be included as a component of pension expense for the current year?
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Management And Cost Accounting
Authors: Mike Tayles, Colin Drury
11th Edition
147377361X, 978-1473773615
